417 Walter Ave · Frostproof, FL 33843

$5,000

3 bd · 2.0 ba · 1,391 sqft · SingleFamily public records · 6 Days on market

Built 1972 9,148 sqft lot

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Appreciation +4.7/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This precious home is waiting for you to give it your love! Centrally located between east and west coast beaches. 3-bedroom 2 bath with nice big backyard and storage shed. Screened front and back porch to enjoy your evenings. Freshly painted exterior and new beautiful metal roof. Brand new French drain installed. Solid, sturdy concrete block. Has community playground and shuffleboard! Priced to sell! Inspection was recently completed. “Buyers who choose to use our preferred lender (All American Liberty Mortgage, Lewann Strickland) will receive $500.00 closing cost credit to be used to buy down the interest rate or offset closing costs” Must be pre-approved for lending, not pre-qualified. Be buyer ready. Need to close in 30 days or less, no exceptions.

Key facts

• 9,148 sq ft lot
• Built 1972
• Listed 5 days

Property features AI

Exterior

• Parking: Driveway; On-street parking
• Utilities: Other water source; Other sewer
• Home design: Single-family residence; One level; Residential property; Zoned R-1
• Construction: Construction details: see remarks
• Exterior features: Front porch; Other roof

Interior

• Bedrooms: 1 total room (configured as a bedroom/living area)
• Flooring: Other
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating; No cooling
• Interior features: Front porch; Other flooring

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $5k).

Location & tenants

• Location reads 69/100 on livability (#456 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D-, amenities F, commute F.
• Polk (suburban): math 39% / reading 43% proficiency, ranked #62 of 73 in FL (top 85%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 437 active listings in the ZIP; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).

Forward outlook

• In year one you build about $1 of equity ($35 loan paydown + $-34 appreciation (-0.7% local appreciation)).
• Polk County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-0.7% appreciation + 3.0% rent growth), your $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $5,000

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 33.31% ✓
• Cap rate: 313.77%
• Cash-on-cash: 1098.12%
• DSCR: 49.86
• GRM: 0.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.67% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 59.09×
• Total profit: $81,320
• Equity at exit: $1,286

10-year hold

• IRR: —
• Equity multiple: 127.05×
• Total profit: $176,468
• Equity at exit: $1,420

Cash invested: $1,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33843

• Home prices YoY: -0.2%
• Active inventory: 437
• Price-to-rent: 0.3×

Monthly cashflow live

• Estimated rent: $1,665 medium
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $75/yr
• Insurance: −$2
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $1,281

Break-even live

Break-even rent $44

Max offer price $5,000

Occupancy floor 18%

Sensitivity live

Price	-10% $1,285	-5% $1,283	+0% $1,281	+5% $1,279	+10% $1,278
Rent	-10% $1,150	-5% $1,215	+0% $1,281	+5% $1,347	+10% $1,413
Rate	-1.0pp $1,284	-0.5pp $1,282	base $1,281	+0.5pp $1,280	+1.0pp $1,279

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $1,250
• Closing costs: $150
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-05-21
   listed $5,000 Active
2. 2023-11-30
   soldstatus $169,000
3. 2023-11-20
   soldstatus $169,000 Closed 774-char remark

   Show marketing remark (774 chars)

   This precious home is waiting for you to give it your love! Centrally located between east and west coast beaches. 3-bedroom 2 bath with nice big backyard and storage shed. Screened front and back porch to enjoy your evenings. Freshly painted exterior and new beautiful metal roof. Brand new French drain installed. Solid, sturdy concrete block. Has community playground and shuffleboard! Priced to sell! Inspection was recently completed. “Buyers who choose to use our preferred lender (All American Liberty Mortgage, Lewann Strickland) will receive $500.00 closing cost credit to be used to buy down the interest rate or offset closing costs” Must be pre-approved for lending, not pre-qualified. Be buyer ready. Need to close in 30 days or less, no exceptions.

4. 2023-09-23
   status Pending 774-char remark

   Show marketing remark (774 chars)

   This precious home is waiting for you to give it your love! Centrally located between east and west coast beaches. 3-bedroom 2 bath with nice big backyard and storage shed. Screened front and back porch to enjoy your evenings. Freshly painted exterior and new beautiful metal roof. Brand new French drain installed. Solid, sturdy concrete block. Has community playground and shuffleboard! Priced to sell! Inspection was recently completed. “Buyers who choose to use our preferred lender (All American Liberty Mortgage, Lewann Strickland) will receive $500.00 closing cost credit to be used to buy down the interest rate or offset closing costs” Must be pre-approved for lending, not pre-qualified. Be buyer ready. Need to close in 30 days or less, no exceptions.

5. 2023-09-17
   price $169,000 774-char remark

   Show marketing remark (774 chars)

   This precious home is waiting for you to give it your love! Centrally located between east and west coast beaches. 3-bedroom 2 bath with nice big backyard and storage shed. Screened front and back porch to enjoy your evenings. Freshly painted exterior and new beautiful metal roof. Brand new French drain installed. Solid, sturdy concrete block. Has community playground and shuffleboard! Priced to sell! Inspection was recently completed. “Buyers who choose to use our preferred lender (All American Liberty Mortgage, Lewann Strickland) will receive $500.00 closing cost credit to be used to buy down the interest rate or offset closing costs” Must be pre-approved for lending, not pre-qualified. Be buyer ready. Need to close in 30 days or less, no exceptions.

6. 2023-08-22
   status Active 774-char remark

   Show marketing remark (774 chars)

   This precious home is waiting for you to give it your love! Centrally located between east and west coast beaches. 3-bedroom 2 bath with nice big backyard and storage shed. Screened front and back porch to enjoy your evenings. Freshly painted exterior and new beautiful metal roof. Brand new French drain installed. Solid, sturdy concrete block. Has community playground and shuffleboard! Priced to sell! Inspection was recently completed. “Buyers who choose to use our preferred lender (All American Liberty Mortgage, Lewann Strickland) will receive $500.00 closing cost credit to be used to buy down the interest rate or offset closing costs” Must be pre-approved for lending, not pre-qualified. Be buyer ready. Need to close in 30 days or less, no exceptions.

7. 2023-06-09
   status Pending 774-char remark

   Show marketing remark (774 chars)

   This precious home is waiting for you to give it your love! Centrally located between east and west coast beaches. 3-bedroom 2 bath with nice big backyard and storage shed. Screened front and back porch to enjoy your evenings. Freshly painted exterior and new beautiful metal roof. Brand new French drain installed. Solid, sturdy concrete block. Has community playground and shuffleboard! Priced to sell! Inspection was recently completed. “Buyers who choose to use our preferred lender (All American Liberty Mortgage, Lewann Strickland) will receive $500.00 closing cost credit to be used to buy down the interest rate or offset closing costs” Must be pre-approved for lending, not pre-qualified. Be buyer ready. Need to close in 30 days or less, no exceptions.

8. 2023-05-21
   listed $174,900 Active 774-char remark

   Show marketing remark (774 chars)

   This precious home is waiting for you to give it your love! Centrally located between east and west coast beaches. 3-bedroom 2 bath with nice big backyard and storage shed. Screened front and back porch to enjoy your evenings. Freshly painted exterior and new beautiful metal roof. Brand new French drain installed. Solid, sturdy concrete block. Has community playground and shuffleboard! Priced to sell! Inspection was recently completed. “Buyers who choose to use our preferred lender (All American Liberty Mortgage, Lewann Strickland) will receive $500.00 closing cost credit to be used to buy down the interest rate or offset closing costs” Must be pre-approved for lending, not pre-qualified. Be buyer ready. Need to close in 30 days or less, no exceptions.

9. 2022-07-11
   listed $185,000 Active
10. 1972-10-01
    soldstatus $13,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 25 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,985
• − Mortgage interest: −$280
• − Property taxes: −$75
• − Insurance: −$25
• − Repairs & maintenance: −$1,599
• − Management: −$1,599
• − Depreciation: −$145
• Taxable income: $16,262
• Est. tax owed @ 24.0%: −$3,903
• After-tax cash flow: $11,471/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Polk
• NCES district ID: 1201590
• Math proficiency: 39% ▼ -11.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $43,979
• Composite: 34.74/100
• National rank: #5132
• State rank: #62 of 73 in FL

Livability — Frostproof

• Score: 69/100
• State rank: #456
• US rank: #8297

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment D- Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 11,072

Population outlook (Polk County) Hauer SSP2

• Today (2025): 752,975 people
• By 2030: 804,621 · +6.9%
• By 2040: 906,117 · +20.3%
• By 2050: 1,000,476 · +32.9%
• By 2075: 1,197,520 · +59.0%
• By 2100: 1,271,518 · +68.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 24% Two or more races 14% Black 8%
• Hispanic origin (detail): Mexican 12% Puerto Rican 9% Cuban 2%
• Common ancestry: Slovak 3% Italian 1% Romanian 1%
• Foreign-born: 8% · Canada, Jamaica
• Languages at home: 78% English-only · Spanish 20%

Political lean MEDSL · Polk

• 2024 margin: Strong R (+20.7) · D 39.2% · R 59.9%
• 2008→2024 swing: -14.6pp toward R · 2008: -6.1pp · 2024: -20.7pp
• All cycles: 2024: R+20.7 2020: R+14.4 2016: R+14.1 2012: R+6.8 2008: R+6.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.67%
• Current HPI: 311.1519
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-63.0% since first listed

10 events — show timeline

• 2026-05-21 Listed $5,000 HAOR as distributed by MLS GRID
• 2023-11-30 Sold (Public Records) $169,000 Public Records
• 2023-11-20 Sold (MLS) $169,000 Stellar MLS as Distributed by MLS Grid
• 2023-09-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-09-17 Price Changed $169,000 Stellar MLS as Distributed by MLS Grid
• 2023-08-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-06-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-05-21 Listed $174,900 Stellar MLS as Distributed by MLS Grid
• 2022-07-11 Listed $185,000 Stellar MLS as Distributed by MLS Grid
• 1972-10-01 Sold (Public Records) $13,500 Public Records

Property tax history

+24.4%/yr

Latest (2025): $2,358 · +3.5% YoY. Source: county tax records.